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HTC hints at recovery

The Taiwanese electronics company's revenue is down 4 percent year over year in August, but that's much better than the nearly 80 percent drop it suffered in March.

Andrew Hoyle/CNET

HTC has had a tough few years. From its removal from the Taiwanese Top 50 Index to a dwindling market share, it is hard to believe that at one time HTC was the biggest phone brand in the US.

Its August financial results do offer something of a silver lining, though, with the company reporting revenues of $209.94 million for the month, up 4.11 percent from July.

That's a year-over-year decrease of 4.5 percent. It sounds like bad news, but it's actually a significant improvement. Back in March, the company reported a year-over-year revenue drop of 79 percent.

It appears the HTC 10 has been helping the company's coffers. It was released in April, and profit margins have been steadily rising since.

It has been nearly two years since the company has posted any net profit. A big reason for HTC's fall from glory has been the marked increase in competition -- both in tech and in price -- from Chinese brands such as Xiaomi, Huawei and Oppo.

There is more hope for the company in the future. Google's two next Nexus phones, which will apparently no longer carry the Nexus brand, are rumoured to be made by HTC.